Singapore and Shanghai have further strengthened the financial linkages between the two cities as leading Asian financial centres.
The Monetary Authority of Singapore and Shanghai Municipal Financial Services Office (SFSO) have held the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore.
The SSFF is an annual forum that brings together industry participants from Singapore and Shanghai to discuss pertinent market developments and explore financial collaboration opportunities.
In a first for the SSFF, nine Memorandums of Understanding (MOUs) were signed between Singapore and Shanghai financial institutions and corporates.
New Financial World Order
Shanghai Pudong Development Bank and SGX signed an agreement to deepen capital market cooperation and encourage more Chinese corporates to tap Singapore’s capital markets.
Singapore’s OCBC and Bank of Shanghai also pledged to work closely together to extend their collaboration across multiple businesses.
Another Singapore lender UOB and Nufin Data further agreed to co-develop data analytics solutions to more efficiently serve the bank’s clients in Shanghai and other parts of China.
«We will build on the strong partnership with our Shanghai counterparts to facilitate greater collaboration as we navigate the new financial world order,» said Jacqueline Loh, Deputy Managing Director of MAS.
